• UTRUST Raises $1.5 Million In Pre-ICO; Public ICO Coming Sept. 20

    UTRUST Raises $1.5 Million In Pre-ICO; Public ICO Coming Sept. 20

    As the world’s first cryptocurrency payments platform with consumer protections, UTRUST raised more than $1.5 million in 90 minutes in its pre-ICO in late August, demonstrating vast demand for a mainstream cryptocurrency payments platform. UTRUST’s plans are outlined in the official whitepaper.

  • Israel’s Biggest Bank Partners Microsoft to Offer Bank Guarantees on a Blockchain

    Israel’s Biggest Bank Partners Microsoft to Offer Bank Guarantees on a Blockchain

    Microsoft is partnering with Israel’s Bank Hapoalim on a blockchain-based platform to support digital bank guarantees for customers, according to The Times of Israel.

  • Bitcoin Price Fails to Cross $4,500; Crypto Market Cap Hits Record $159 Billion

    Bitcoin Price Fails to Cross $4,500; Crypto Market Cap Hits Record $159 Billion

    The bitcoin price entered the weekend poised to cross the $4,500 threshold, but a Saturday slip pulled it pulled it well below $4,400, preventing it from reaching a new all-time high. The ethereum price, meanwhile, continued its stealthy climb, briefly rising as high as $350 Monday morning.

  • Why Bitcoin’s Price Isn’t A Bubble

    Why Bitcoin’s Price Isn’t A Bubble

    Naeem Aslam, a Forbes contributor and a veteran trader, takes on the consensus in the investment community that bitcoin’s price is a big bubble waiting to crash. The perception exists in the investment community largely on account of the number of bubbles that have come and gone since its birth, Aslam noted. These include the tech crash that saw the NASDAQ index fall 78% in 30 months ending in 2002.

  • Lightning Network Wallet Zap Launches Beta Release

    Lightning Network Wallet Zap Launches Beta Release

    This week software developer Jack Mallers released the beta version of a Lightning Network enhanced bitcoin wallet called “Zap.” Mallers introduces his new wallet and demo video in anticipation for Segregated Witness (Segwit) which will go live on the bitcoin network shortly.  

Deciphering China’s Central Bank Regulation on ICOs

Deciphering China’s Central Bank Regulation on ICOs

In typical fashion, a Chinese news outlet reported something, no one who could translate it reported on it in the west, and a panic ensued, demonstrating just how much influence governments still have over cryptocurrencies. The Chinese central bank allowed this chaos to reign all week, not issuing an official English notice until Friday afternoon. Our editor Samburaj Das was on the case early in the week, writing: